Lavoro (NASDAQ:LVRO) Stock Price Down 5.4% – Here’s Why

Lavoro Limited (NASDAQ:LVRO)’s stock price dropped 5.4% during trading on Wednesday . The company traded as low as $4.08 and last traded at $4.34. Approximately 6,069 shares changed hands during trading, a decline of 12% from the average daily volume of 6,935 shares. The stock had previously closed at $4.59.

Analysts Set New Price Targets

Several analysts recently issued reports on LVRO shares. Canaccord Genuity Group dropped their target price on Lavoro from $6.25 to $5.50 and set a “buy” rating on the stock in a report on Tuesday, February 4th. Barclays raised Lavoro from an “equal weight” rating to an “overweight” rating and cut their price objective for the company from $6.00 to $5.00 in a report on Tuesday, January 21st. Finally, Oppenheimer dropped their price target on shares of Lavoro from $9.00 to $7.00 and set an “outperform” rating on the stock in a research report on Monday, October 21st.

Lavoro Price Performance

The company has a current ratio of 0.98, a quick ratio of 0.70 and a debt-to-equity ratio of 0.11. The firm has a market capitalization of $520.66 million, a P/E ratio of -2.74 and a beta of 0.32. The company has a 50 day moving average of $4.51 and a 200-day moving average of $4.58.

Lavoro (NASDAQ:LVRO) last posted its quarterly earnings results on Monday, February 3rd. The company reported ($0.39) EPS for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.38). Lavoro had a negative return on equity of 38.92% and a negative net margin of 8.16%. On average, sell-side analysts predict that Lavoro Limited will post -1.84 EPS for the current year.

Lavoro Company Profile

Lavoro Limited operates as an agricultural inputs retailer. The company operates through three segments: Brazil Cluster, LATAM Cluster, and Crop Care Cluster. It distributes agricultural inputs, such as crop protection, seeds, fertilizers, foliar fertilizers, biologicals, adjuvants, organominerals, and others for the agricultural industry.